1. social security and insuring banks
2. market crashed from selling everything for people to get money off a false rumor
3. U.S governments placed Tarrifs on everything which is basically tax on foreign foods
4. Europe was in Debt to America after borrowing so much money so Europe could rebuild after WW1
5. Unemployment rose
6. people were dying or starving to death
7. banks closed
8. adding to number 2 people rushed to sell there stocks and even borrowed money from the bank to sell as stocks
9. banks withdrew foreign loans
10. people wanted their money from the bank
11. ALL OF THIS IS NOT IN ORDER
12. in other countries dictators rose to power
All of this is basically why it took every1 so long to get out of the great depression
and so on, i remember this because recently i had to do a What do you remember Global Depression Edition test.
hope this helped
Answer:
Lack of employee capacity, corruption & poor planning
Explanation:
Adam Smith, a Scot and a philosopher who lived from 1723 to 1790, is considered the founder of modern economics. In Smith's time, philosophy was an all-encompassing study of human society in addition to an inquiry into the nature and meaning of existence. Deep examination of the world of business affairs led Smith to the conclusion that collectively the individuals in society, each acting in his or her own self-interest, manage to produce and purchase the goods and services that they as a society require. He called the mechanism by which this self-regulation occurs “the invisible hand,” in his groundbreaking book, The Wealth of Nations, published in 1776, the year of America's Declaration of Independence.
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